Marine Lighting Market overview 2022 Expectations & Growth Trends Highlighted Until 2032

Global market for marine lighting Market overview is highly competitive and is mainly driven by rising demand for energy-efficient lighting products, advanced water resistance lighting and reduced prices. Moreover, lighting are indispensable part of marine industry. The marine industry is highly dependent on the lightings for its proper functioning and also for providing aesthetic appearance to the ship.

Therefore, the growing ship building activities across the globe coupled with positive outlook of seaborne trade activities is anticipated to drive the demand for marine lightings in the future. Additionally, growing cruise tourism activities across the globe is also forcing many investor to invest in the development of new cruises. This is further anticipated to create healthy growth opportunities for the marine lighting manufacturers during the forecast period.

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Global Marine Lighting Market: Dynamics

Growing seaborne trade activities across the globe owing to establishment of healthy trade relations and positive economic growth is projected to fuel the growth of shipbuilding industry during the forecast period. This is further projected to create healthy demand for marine lighting in the future. Moreover, relatively economical nature of water transportation compared to other transportation modes is escalating the growth of shipping industry which will boost the demand for marine lightings during the projected period of time.

Navy, sea security & patrol are the prominent end use sectors which are using the marine lighting to a significant extent. The marine lighting manufacturers are working on the production of the waterproof lighting and can with stand severe environmental condition around the water bodies. Therefore, the global market for marine lighting is projected to witness health Y-o-Y growth throughout the forecast period

Global Marine Lighting Market: Regional Outlook

Asia Pacific is expected to dominate the global marine lighting market owing to the presence of prominent shipbuilding countries such as China, Japan and South Korea in the region. Additionally, the increasing marine trade activities with the availability of large coastal areas in the countries of the region is also making the Asia Pacific a promising marine lighting market globally.

Moreover, European shipbuilding industry is also anticipated to play major role in the healthy growth of marine lighting market. This can be attributed to the presence of huge fleet of ships in the European countries such as Germany, U.K. and Greece. Therefore, with the growing marine transportation activities coupled with presence of huge fleet in the Europe is projected to create healthy opportunities for the marine lighting manufacturers during the forecast period.

Moreover, the increasing shipping activities in the countries of Latin America such as Brazil, Mexico, Colombia and Panama is making the marine lighting market of the region to hold significant potential.  Furthermore, the oil & gas industry of Middle East & Africa is playing significant role in the water transportation activities. Which is further projected to make the Middle East & Africa a good marine lighting market. Additionally, North America is one of the prominent market of marine lighting global and is also projected to grow with decent pace over the projected period of time

Global Marine Lighting Market: Market Participants

The global market of marine lighting is highly fragmented, huge number of local and national level players are present across the globe. Moreover, list of some of the players engaged in the manufacturing and sales of marine lighting froe across the globe are mentioned below:

  • Lumitec LLC
  • Quick S.p.A. unipersonale
  • OSRAM GmbH
  • Alpenglow Marine Lights, LLC
  • Hella Marine
  • AZZ Inc.
  • Marine Light Corp
  • Light Corporation Group
  • Imtra Corp.
  • Innovative Lighting
  • Vision X Europe
  • Aqualuma LED Lighting
  • ENSTO GROUP
  • Savage Marine
  • Nemalux Inc.
  • Shadow Caster, Inc.

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The research report presents a comprehensive assessment of the Marine Lighting market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Marine Lighting market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Marine Lighting market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

  • Marine Lighting Market Segments
  • Marine Lighting Market Dynamics
  • Marine Lighting Market Size
  • Marine Lighting Current Trends/Issues/Challenges
  • Marine Lighting Competition & Companies involved
  • Marine Lighting Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
  • South Asia (India, Thailand, Indonesia, Malaysia)
  • East Asia (China, Japan, South Korea)
  • Oceania (Australia and New Zealand)
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Marine Lighting market segments and geographies.

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End Caps Market Expected to Witness High Growth by 2028

The root of packaging in today’s world profoundly resides in the safety of goods & appliances from exterior damage throughout its loading and shipment. Hence, in the market, numerous protective packaging solutions are easily available which offers enhanced safety values to the package from diverse industries, with end caps as one of the novel solution that adheres to the elementary property of protection.

End caps are durable, lightweight and custom-made inserts usually made from foam, molded pulp, etc. which usually form a shock absorbent protective surface that provides cushioning. End caps transforms a standard case / box into a secure and well-insulated delivery container thus reducing the damage quotient during the course of product transition is carried out.

End caps are designed to fit in custom-designed containers such as corrugated boxes / cases, etc. and act as cushions that sentinel delicate product against any impairment due to unexpected impact for the duration of carriage between manufacturers, retailers, distributors, and end use. End use are applied in safe transport of electronic appliances, automotive spare parts, consumer products, etc.

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End caps find a wide range of applications in packaging of consumer electronics, automotive spares parts, furniture and other industrial products, especially for cushioning the outer-edges of the fragile and expensive products.

Global end caps market: Key Players

Some key players that currently operate in partition inserter machines market across the globe can be segmented into three tiers based on their market share as follows

  • Tier 1 (includes market leaders with a market share of more than 3%)
    • Smurfit Kappa Group plc.
    • Packaging Corporation of America
    • Storopack Hans Reichenecker GmbH
  • Tier 2 (includes market players with a market share above 1% and below 3%)
    • Cascades Inc
    • 5 STAR PACKAGING, INC.
    • UFP Technologies, Inc.
    • Plastifoam Company
    • ACH Foam Technologies
    • Pregis Corporation.
    • Ranpak Corp
  • Tier 3 (includes manufacturers with market share below 1%)
    • Technifoam, Inc.
    • Synergy Packaging Pvt. Ltd

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Key Product Launches

  • In March 2018, Macfarlane Packaging, the UK’s largest distributor of protective packaging materials introduced a new range of innovative packing products – during a weak long “Packaging Innovations Event” at the Birmingham NEC.
  • In September 2017, DuPont Protection Solutions newly introduced DuPont™ Tyvek® 40L medical packaging, a new class of Tyvek® for medical packaging applications, specially designed to provides a cost-effective choice for protecting lightweight devices..

Future Prospects

Increasing awareness among the product manufacturers to curb transit damage thus to a large extent eliminating costly replacements and scraps and are expected to upsurge the demand for protective packaging such as end caps market. Mounting global population getting involved in online trading is expected to contribute substantially to the E-commerce packaging market’s growth and in terms adding positivity to the end caps market.

For high market acceptance, the design has to be durable, impact resistant and light-in-weight, which incurs least shipping / transportation cost and all the above clauses are pleased by protective packaging end caps. Thus, the outlook for the growth of the global end caps market is projected to stay positive, during the forecast period.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Global End Caps market: Segmentation

The global end caps market has been segmented as follows –

On the basis of material type, the global end caps market has been segmented as –

  • Paper & Paperboard
  • Corrugated board
  • Molded Fiber
  • Foam Board
  • Expanded polystyrene (EPS)
  • Extruded polystyrene (XPS)
  • Polyisocyanurate (Polyiso, ISO)
  • Plastic
  • Polyethylene (PE)
  • Polyvinyl Chloride (PVC)
  • Polystyrene (PS)
  • Others
  • Rubber

On the basis of end caps designs, the global end caps market has been segmented as –

  • Traditional end cap set
  • Ribbed end cap set
  • Hingelock end cap set
  • Others

On the basis of end use industry, the global end caps market has been segmented as –

  • Electronics goods & appliances packaging
  • Consumer goods packaging
  • Automotive spares parts packaging
  • Furniture packaging
  • Industrial packaging
  • Food & beverage
  • Home & Personal Care
  • Pharmaceuticals
  • Other industries

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Power Transformer Market Is Expected To See a growth of 4.6% | Exclusive Report by Future Market Insights

The power transformer industry exhibited year-on-year growth of 4% in 2021, backed by increasing efforts towards incorporating modern energy solutions in existing power system and high demand of efficient and reliable power supply. Future Market Insights (FMI) states that, power transformer market revenue grew by 10% between 2019 and 2021, reaching US$ 21.9 billion in 2021 with a healthy CAGR of 4.6%.

Power transformers are integral components within power grids as they assist in power transmission between networks without change in frequency and minimum loss. Increasing investments towards expansion of power grid networks and distribution channels to enable electricity access in remote areas will fuel the demand for power transformers in the forthcoming years.

Focus on upgrading the existing power grid network with modern energy technology for flexible, secure, efficient, and reliable supply of power will emerge as a chief growth driver.

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Transformers are critical component in power transmission system as their main function is to receive power with low voltage and transmit it across various distribution channels in power grid. Increasing demand for electricity, increasing investment to expand transmission and distribution network will drive the power transformer market growth in upcoming years.

For instance, as of 2021 Adani power has around 5 ongoing power projects with capacity ranging from 1300 MW to 2700 MW in Indian states of Rajasthan, Madhya Pradesh, Gujarat, Karnataka, and Jharkhand. Rise in number of new power projects in developing countries will boost the market sales over the forecast period.

Rising urgency to replace the aging power infrastructure with smart grid system along with increasing penetration of renewable energy and development of interconnected grid infrastructure are key growth drivers in developed economies.

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Future prospects look promising for power transformer market due to thriving construction and mining industries, emergence of new smart cities with modern power transmission system and adoption of green transformers.

Market players are focusing on developing power transmission systems capable of handling flow of stored and renewable energy throughout the grid system. Advancement towards designing system for efficient management of electricity transmission and distribution as a part of disaster recovery efforts along with redefining electrical grids to reduce operational costs and lead times will positively influence the market growth in the future.

Key Takeaways from FMI’s Power Transformer Market Study

  • North America power transformer market is forecast to experience growth at 3% CAGR due to rising necessity to replace old power grid networks with modern and efficient equipment and increasing supply and demand gap of electricity in U.S. and Canada.
  • Europe power transformer market is anticipated to grow at 3.2% CAGR during the forecast period. Growth uptick can be attributed to rapid electrification and increasing investment towards upgrading transmission and distribution networks in the region.
  • Growing awareness among population regarding CO2 emission, increase in consumption of electricity, and increasing efforts towards electrification of rural areas will drive the demand for power transformers in India.
  • China is expected to offer lucrative opportunities owing to increasing investment in power grid infrastructure development and booming mining and oil and gas industries in the country.
  • Japan and South Korea account for 7% of global power transformer market share in 2021. Industrialization, increasing efforts to fill the energy supply and demand gap, and imposition of energy efficient laws and standards are key growth drivers in these countries.

“Increasing demand for upgrading traditional transmission system to sustain high voltage power transfer and incorporation of smart grids will boost the demand for power transformer in upcoming years,” says the FMI analyst.

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Who is Winning?

Future Market Insights highlights the key trends emerging in the power transformer market and discusses the strategies employed by market players to strengthen their market position.

Leading market players account for 35% global market share. They are focusing on new product development like green transformers to reduce the carbon footprint and are also emphasizing on establishing production and supply operations in key high-demand demographics like South East Asia. In addition, key players have been increasing production outputs and moving manufacturing plants to developing countries to reduce lead times and operation costs.

Prominent players operating in the power transformer market are:-

  • ABB
  • General Electric
  • Siemens AG
  • Toshiba Corporation
  • Schneider Electric

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For instance, in July 2021, General Electric won orders for manufacturing 45 units of 765 kV transformers from Power Grid Corporation of India Limited (PGCIL) for the new sub stations to be constructed in Rajasthan, India. The new transformers will dissipate around 8.1gigawatt (GW) of green power from the state’s solar energy zones.

In March 2021, First Philec Inc. announced to launch super green transformer by the end of 2021. First Philec Inc. is a unit of First Philippine Holdings Corp. and one of the leading manufacturers of high efficiency transformers in South East Asia region. The super green transformer will be made of recyclable and biodegradable materials.

Hitachi ABB Power Grids launched two new traction transformers, “RESIBLOC® CRail 25 kV” and “Natural Cooling Effilight® Traction Transformer” in June 2021. The latter model replaces traditional cooling module with natural airflow system. It uses a state of the art cooling system that harnesses natural air flow from the train’s motion and sends it to heat exchanger thus eliminating the need for air fans.

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Key Segments Covered In Power Transformer Market Study

By Product Type:

  • Core
  • Shell

By Insulation Type:

  • Dry
  • Wet

By Phase Type:

  • Single Phase
  • Three Phase

By End Use:

  • Residential & Commercial
  • Utilities
  • Industrial

By Voltage Type:

  • 100-200kV
  • 200-400 kV
  • Above 400 kV

By Application Type:

  • Generation Step-up
  • Transmission

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

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Mortiser Market : Notable Developments & Geographical Outlook 2022 to 2032

Mortiser or Morticer is a type of wood working machine specialized in drilling operations. Mortiser market is used to cut rectangular or square shaped holes in a piece of timber that enables the wood worker to generate a mortise hole in a mortise and tenon joint. The machine generally operated with small footprints with the ability to handle large work pieces. Mortiser or mortising machine is considered to be among the top necessary wood working machines in the market. Growing residential as well as commercial construction across the globe is estimated to fuel the demand for wood working machinery and subsequently propel the demand for mortiser machines. This in turn is estimate to contribute to the growing market of mortiser across the globe during the forecast period.Get | Download Sample Copy with Graphs & List of Figures:
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Mortiser Market: Dynamics

The global construction industry is gradually regaining strength after having endured a prolonged period of sluggishness in the wake of global financial crisis. Real estate sector, which is expected to grow at a good pace annually, is expected to be the prime demand generator in wood working machine market in developed regions globally. Countries such as the United States, China and India are expected to create several opportunities over the forecast period. This in turn may positively impact the sales of mortiser and significantly contribute to the growth of global mortiser market.  The rising demand for wood products, especially plywood, as a building product to reduce the overall weight of the structure in turn will propel the overall demand for plywood in all application segments globally, which will further drive the growth of the mortiser market over the forecast period.

Rising prominence of plywood in the packaging industry owing to its several benefits such as light weight, significant mechanical strength, being reusable etc. to keep the plywood demand driven. This in turn is also considered to be the primary factor driving the growth of global mortiser market during the forecast period.

The ongoing trend gaining momentum in the mortiser market is the increasing use of online methods to market and sell products. . Among the various ways of selling or marketing a product, social media stands out as one of the trending media. Several social media platforms including Facebook, Twitter, LinkedIn and Google+, contain information (images, videos, links or written texts) about mortiser, its types and distinguishing factors, posted by manufacturers or distributors or even consumers.

Mortiser Market: Regional Outlook

According to the database from United Nation (UN), global woodworking machinery accounted for an export value of US$ 7.38 billion in the year 2015. Germany accounted for a dominant share of around one fourth of the total export market whereas China, Italy and Taiwan were the following countries. Large-scale investments have been observed in infrastructural development, especially in the U.A.E. and Japan. This in turn is anticipated to open the doors for the region specific market participants in the mortiser market. Africa is also estimated to be an opportunistic market for mortiser owing to the presence of large timberlands, low maintenance cost and establishment rates in the region. Owing to growing demand from crafts and furniture, countries including Vietnam, Canada, India and Thailand are also anticipated to create significant opportunities in the global mortiser market during the forecast period

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Mortiser Market: Key Participants

Examples of some of the market participants identified across the value chain of the global mortiser market include:

  • Delta Power Equipment Corporation
  • Wadkin Woodworking Machines
  • GENERAL INTERNATIONAL MFG. Co. Ltd.
  • Beijing New Building Material (Group) Co., Ltd.
  • Felder Group
  • SCM Group
  • OAV Equipment and Tools, Inc.

The research report presents a comprehensive assessment of the Mortiser market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Mortiser market segments such as geographies, valve type, and vehicle type.

The report covers exhaustive analysis on:

  • Mortiser Market Segments
  • Mortiser Market Dynamics
  • Mortiser Market Size
  • Mortiser Current Trends/Issues/Challenges
  • Mortiser Competition & Companies involved
  • Mortiser Technology
  • Mortiser Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The global Mortiser market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The global Mortiser market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The global Mortiser market report also maps the qualitative impact of various market factors on market segments and geographies.

Mortiser Market: Segments

The global mortiser market has been segmented by product type, distribution channel and end use industry

By type of product, the global mortiser market is segmented into

  • Square Chisel or Hollow Chisel Mortiser
  • Horizontal Mortiser or Slot Mortiser
  • Chain Mortiser

By type of sales channel, the global mortiser market is segmented into

  • Online Sales Channel
  • Offline Sales Channel (Retails or Distributors)

By type of end use industry, the global mortiser market is segmented into

  • Construction Industry
  • Packaging Industry

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor  the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Safety Sensors And Switches Market In ASEAN Countries Is Estimated To Be Worth Around US$ 1.59 Bn by 2028 | Exclusive Report by FMI

The safety sensors and switches market in ASEAN countries is estimated to be worth around US$ 891 Mn in 2022.  With rising adoption of ASEAN safety sensors and switches for minimizing the personal and institutional damage, the overall market is anticipated to grow at an impressive CAGR of 10.2% between 2022 and 2028, reaching a valuation of US$ 1.59 Bn by 2028.

With a dominant share of 34.7% in 2022, Indonesia will continue to rule the ASEAN safety sensors and switches market. The market for safety sensors and switches in Indonesia is being driven by the implementation of strict government regulations as well as the rising adoption of modern automatic technologies.

Safety sensors and switches are being installed almost everywhere, especially in manufacturing and processing sectors like the automotive, oil and gas, pharmaceutical, and food and beverage industries where there is a high risk of property damage to institutions and personnel. The region’s market for safety sensors and switches is anticipated to grow as a result of the high demand from these industries as a result of personnel safety regulations.

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Automotive & Aerospace Industry Generating Notable Demand

According to the report, the oil & gas industry’s resurgence, soaring utilization of heavy duty machinery across verticals, and thriving pace of industrial automation and Industry 4.0 adoption will collectively necessitate the demand for streamlining of safety and security measures, thereby driving the revenue of ASEAN’s safety sensors and switches market.

The pressure sensors and transducers segment is projected to account a dominant share of the ASEAN safety sensors and switches market over the assessment period. Rising adoption of these components for improving the safety of equipment and preventive maintenance is fueling sales in the market.

Pressure sensors and transducers are generally manufactured from piezoelectric materials such as quartz. They have become standard safety solutions across diverse industries including automotive, oil & gas, and power generation.

Currently, over 60% of overall demand for safety sensors and switches is underpinned by the industrial end use sector, a third of which is accounted by the automotive and aerospace industry, followed by food and beverages industry operators. FMI’s analysis reveals that oil & gas, metal & mining, and packaging industries will demonstrate high growth potential in the near future, in terms of adoption of safety sensors and switches.

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The report attributes surging installations of safety sensors and switches across industrial space to the tightening regulatory framework related to workplace safety and security, particularly for industrial workers. ASEAN economies are looking forward to levy stringent safety regulations in the case of industries and commercial spaces to avoid any kind of damage or loss to property or life. This according to the report has created a potential opportunity for the safety sensors and switches market.

Moreover, while new installations of safety sensors and switches account for just-under 80% of the ASEAN’s total market value, FMI opines that the preference of end-use industries for new installation over retrofit will prevail in years to come.

ASEAN’s Manufacturers Facing Pricing Pressure

ASEAN market competition has been witnessing incessant support from prominent safety sensors and switches market participants based overseas. All the manufacturers are competing against each other as well as with foreign players in the machine safety products market to firm up in the marketplace. Moreover, several start-ups have been considering sustainability as a key area of focus in the safety sensors and switches development. According to FMI’s analysis, this increasing competition scenario is imposing a negative impact on the price setting strategy, which is compelling manufacturers of safety sensors and switches in the ASEAN region to deliver offerings at lower prices.

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Competitive Landscape

The safety sensors and switches market report profiles some of the key companies that are operating in the ASEAN safety sensors and switches market, including Schneider Electric, Honeywell International, Emerson Electric Co., Eaton, Carlo Gavazzi Automation S.p.A., OMRON Corporation, OMEGA Engineering, WIKA Alexander Wiegand SE & Co. KG, TE Connectivity, VEGA Instruments Co., Ltd., Mitsubishi Electric Corporation, Texas Instruments, Infineon Technologies AG, Murata Manufacturing Co., Ltd., Panasonic Corporation, Phoenix Contact, KEYENCE Corporation, and ZEBRA.

Table of Content

  1. Executive Summary

1.1. Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Key Market Trends

3.1. Key Trends Impacting the Market

Read Full TOC..

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Food Bucket Elevators Market Revenue Growth Predicted by 2028

The global food packaging industry has undergone significant changes in the past few decades. Meteoric growth in demand for packaged food has led to an increasing need for packaging automation.

To cater to the requirement, many food manufacturing companies have been compelled to enhance their production capacity, with the help of sophisticated industrial automation equipment. Conveyor systems make for an efficient means of storing and sorting of products in a wide range of industries, including the food and beverages industry. Food bucket elevators are systems for hauling packaged food products. Manufacturers of food bucket elevators are focusing on products with longer life spans, and an ability to sustain heavy duty operations.

The market for food bucket elevators is anticipated to grow significantly on the backdrop of manufacturing and packaging lines. The growth is boosted by the ever increasing demand for solutions to cater to the growing need for packing efficiency.

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Global food bucket elevators market – Key Players

Some of the key players operating in the global food bucket elevators market are – Syam Engineers Food Process, Guttridge Ltd., Siemens Inc., OHLSON Packaging, Verma Group, Ryson International, Inc., Fabcon Machines Pvt. Ltd., BEUMER Group, R&D Equipment Company, Simatek Bulk Systems A/S, Arrow Conveyor Equipment, Inc., Gough Engineering, Transflex Conveyors Pvt. Ltd., Santek Equipments, and Trimech India, among others

Tier 1 companies (Revenue > US$ 50 Mn)

  • Siemens, Inc.
  • BEUMER Group

Tier 2 companies (Revenue < US$ 50 Mn)

  • Syam Engineers Food Process
  • Guttridge Ltd.
  • OHLSON Packaging
  • Fabcon Machines Pvt. Ltd.
  • Gough Engineering
  • Santek Equipments
  • Transflex Conveyors Pvt. Ltd.
  • Trimech India
  • Arrow Conveyor Equipment, Inc.
  • Simatek Bulk Systems A/S
  • R&D Equipment Company
  • Verma Group
  • Fabcon Machines Pvt. Ltd.

Global food bucket elevators market – Significance

The ever increasing consumption of food products such as frozen fish and poultry, fresh & frozen vegetables, snack foods, confectionery, and cereals, among others has compelled food manufacturers to look for refined, enhanced, and sanitary conveyor systems, while maintain the standard for reliability and efficiency. Food bucket elevators are used to gently transport granular, free flowing, as well as non-free flowing food products. Available in a variety of sizes and configurations, food bucket elevators aid in enhancement of processing and packaging efficiency.

Also, they are easy to clean, and are space-efficient. When working in conjunction with weighing and packing machines at a food processing and packaging center, they facilitate achieving a seamless food product quantitative supply and packaging system. Furthermore, low maintenance frequency and long service life are some of the key factors, expected to increase preference for them, during the forecast period.

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Key developments shaping the market

There are several configurations of food bucket elevators available in the market, and therefore manufacturers of food bucket elevators emphasize on products with improved efficiency and a better ability to streamline product supply. Bucket elevator systems generally follow a standard design, and therefore, in the last decade, changes in design have only been evolutionary, rather than revolutionary, with key focus on additional features to enhance operational efficiency.

  • For instance, some varieties of food bucket elevators use a tri-planar chain with a wash through design, in order to meet food sanitation requirement. These varieties are mostly used to handle cereals, coffee, tea, confectionery, salt, spices, pasta, and snack, among others.
  • Ryson International, Inc. produces vertical and horizontal systems combined into one single unit. They use a pivoting bucket type, and have multiple inlets and outlets. The same can be used for handling a wide range of bulk products including food, agriculture, pharmaceutical, cosmetic, chemical, and building, among others.

The road ahead

The outlook for the growth of the global food bucket elevators market is expected to be largely positive during the forecast period. Growth in consumption of products such as snacks, confectionery, coffee and others are expected to have a positive impact on the rise in demand for efficient packing systems in processing systems.

Furthermore, many new players are entering the food bucket elevators market in developing countries such as India and China, which is expected to further boost sales of food bucket elevators.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

On the basis of product type, the global food bucket elevators market has been segmented as –

  • Z-type bucket elevator
  • C-type bucket elevator
  • Vertical bucket elevator
  • Chain bucket elevator

On the basis of capacity, the global food bucket elevators market has been segmented as –

  • < 350 cubic feet per hour
  • 350 – 830 cubic feet per hour
  • 830 – 2000 cubic feet per hour
  • 2000 – 2800 cubic feet per hour
  • >2800 cubic feet per hour

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Engine Cylinder Liners Market forecast 2022 Expectations & Growth Trends Highlighted Until 2028

The global engine cylinder liners market forecast is estimated to observe growth in the rising demand for the product from various end users. A cylinder liner refers to a cylindrical part that is fitted to an engine block to set up a cylinder. It is considered as one of the most vital functional parts that constitute the interior of an engine. It is known as cylinder liner in some countries, such as Japan, while in some other countries it is known as cylinder sleeve. A cylinder liner creates a sliding surface for piston rings, retains the lubricant within, and serves as an inner wall for a cylinder. Cylinder liners most importantly serve as a sliding surface. Some of the benefits offered by cylinder liners are as follows

  • It causes less wear on the partner piston ring
  • Reduces wear on the cylinder liner itself
  • Less consumption of lubricant
  • High anti-galling characteristics

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Engine cylinder liners refer to cylinder shaped part that is affixed to an engine block in a bid to create a cylinder. These cylinder liners are regarded as a vital parts required in the formation of an engine’s interior. It assists the piston from causing wear to cylinder bore.

Engine cylinder liners find abundant use in the in an extensive range of construction equipment, heavy machines, and vehicles. Many of the leading manufacturers of engines are investing more on research and development to diminish the weight of a vehicle so as to make the vehicle fuel efficient, thanks to downsize of engines and strict emission norms. This factor has generated augmented demand for engine cylinder liners, which is estimated to fuel growth of the global engine cylinder liners market over the timeframe of analysis, from 2020 to 2030.

Type, material, application, engine, and region are the five important parameters based on which the global engine cylinder liners market has been classified.

Global Engine Cylinder Liners Market: Notable Developments

One of the relevant and important developments of the market that gives a quick view of the dynamics pertaining to global engine cylinder liners market is mentioned as below:

In October 2018, US-based prominent supplier of replacement parts, Tenneco Inc. made an acquisition of American supplier, manufacturer, and developer of products for a wide range of industries, Federal-Mogul LLC. This acquisition is anticipated to expand the geographical reach of Tenneco Inc and diversify the product portfolio of the company.

Some of the prominent organizations in the global engine cylinder liners market comprise the below-mentioned:

  • Westwood Cylinder Liners Ltd.
  • Nippon Piston Rings Co. Ltd.
  • Melling Cylinder Sleeves
  • Federal Mogul LLC
  • Darton International Inc.
  • Kusalava International Ltd.

Global Engine Cylinder Liners Market: Key Trends

The global engine cylinder liners market is characterized by the presence of the following restraints, drivers, and opportunities.

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Increased Demand from Automation and Construction Industries to Bolster Growth

Growing automation in several countries in many countries, such as Germany, Indonesia, India, and China is likely to emerge as key growth factor for the global engine cylinder liners market over the assessment tenure. A rise in leisure and recreational activities together with the increasing preferences for various types gardening tools in the do it yourself (DIY) market is forecasted to be one of the major factors in fuelling growth of the global engine cylinder liners market over the forecast period. Several producers are making a shift toward the making of hybrid liners, thanks to their increased efficiency and better functionality. Furthermore, use of better alloys that provides high tensile strength in various automotive components is estimated to encourage development of the global engine cylinder liners market over the timeframe of analysis.

However, increased consumer traction toward electric traction is expected to hinder growth of the global engine cylinder liners market in the near future.

Global Engine Cylinder Liners Market: Geographical Analysis

Asia Pacific is expected to remain at the forefront of the growth of the global engine cylinder liners market. Driven by China, India, and ASEAN countries, Asia Pacific is estimated to exhibit considerable growth. Growth of the region is estimated to be driven by increasing demand for these liners from the automotive and construction industries.

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Global Linear Slide Units Market Predicted To Expand At A CAGR Of 7.2% (2022-2028) | Future Market Insights

The global linear slide units market size was valued at approximately US$ 2.4 Bn at the end of 2022. At an estimated CAGR of 7.2%, the linear slide units market is expected to observe robust growth in revenue over the forecast period.

Linear slide units are a recent advancement in the study of linear motion and factory automation. The food and beverage, retail and e-commerce, machine building and SPMs (special purpose machines), automotive, and other industries all use linear slide units. In typical applications where a medium to low payload at high speed and acceleration is required, they are helpful. These units can also work well in harsh environments.

The primary classifications for linear slide units considered in the scope of this study are pricing, drive, guide, capacity, application, end use, and region/country.

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Highlights – Linear Slide Units Market Segmental Analysis

By pricing, the medium range segment is expected to account for more than one-half of the market value share in the global linear slide units market as consumers in the global market prefer economical yet more efficient linear slide units for their plants. Premium linear slide units are used by consumers with high capital and customs requirements in the global linear slide unit market.

On the basis of a drive, the linear slide units market has been segmented into ball screw and belt drive. The ball screw segment is projected to grow at a considerable rate in the global market as Linear Slide Units are used with ball screws; however, when accuracy is not the foremost requirement, and speed with the ability to reiterate the operation is, then belt drives are the preferred option.

On the basis of capacity, the Linear Slide Units market has been segmented into less than 50 kg, between 50-100 kg, between 100-150 kg and above 150 kg. The less than 50 Kg segment is estimated to dominate the global linear slide units market with a value CAGR of 7.5% between 2018 and 2018, followed by the 50-100 kg segment.

By application, the linear slide unit market has been segmented into pick & place, packaging, and inline production. The pick & place segment is expected to hold around 40% of the global linear slide units market value share by 2018 and expand at a CAGR of 6.8% over the forecast period

By end use, food & beverage, packaging and machine building & SPM segments are projected to collectively account for more than a 60% value share in the global market. On the basis of region, India and East Asia are estimated to grow at significant rates in the global linear slide units market, owing to rapid industrialization and the substantial growth being witnessed in automotive component and metal fabrication industries.

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The intensity of competition in the linear slide unit market is medium to high. There are a large number of big and medium players in the marketplace, which makes the linear slide units market fairly consolidated. However, more than 50% of the linear slide unit market is held by organized players.

Key companies serving the linear slide units market are keen on launching new products and entering into expansion agreements to meet the fast-changing tastes and demands of consumers. Some of the key players active in the global Linear Slide Units market include Bosch Rexroth, Festo Group, SMC Corporation, Parker Hannifin, Igus, Phoenix Mecano AG, HIWIN Corporation, THK CO., LTD., and Thomson Industries Inc., among others.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Smart Water Grid Market Size to Reach US$ 101,248.3 Mn by 2032 | Future Market Insights

The global smart water grid market stood at around US$ 18,664.5 Mn in 2021, and is expected to expand at a CAGR of 16.8% to reach a valuation of US$ 101,248.3 Mn by 2032. As Per The Latest Study By Future Market Insights (FMI), The Global Smart Water Grid Market Is Likely To Witness Robust Growth During The Forecast Period. Registering 18.8% CAGR, The Market Is Projected To Reach US$ 52,212.3 Million In Revenue By The End Of 2026.

Some of the cutting-edge features in smart water grid that are anticipated to drive the market include demand prediction, real-time sensing, quality monitoring, ease of detecting leaks and bursts, support for planning and operations, and assistance in reducing water loss.

In order to save money and reduce their carbon footprint, water utilities are automating, controlling, automating, designing, and other aspects of their operations. The growing emphasis on integrating smart water grid with information and communication technologies has led to remote maintenance, monitoring, and tracking.

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Increasing emphasis on improving water management and supply, developing accurate billing methods, and reconstruction of old water infrastructure are some of the factors contributing to the growth of the smart water grid market.

Municipalities in various countries are focusing on implementing smart water grid technology, which can provide information and communication technologies in a single smart water management scheme, increasing efficiency. The market for smart water grid is also being driven by increased investment in repairing old water infrastructure and improving water distribution systems.

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Key Highlights on the Global Smart Water Grid Market

The global market for smart water grid is segmented on the basis of application, technology, and region. On the basis of region, North America is expected to remain dominant in the global market for smart water grid throughout the forecast period 2017-2026. Owing to the advancement in technologies, increasing initiatives by the government to improve water infrastructure and stringent regulations, North America is witnessing a significant growth in the smart water grid market.

Meanwhile, Asia Pacific Excluding Japan (APEJ) and Europe are also likely to witness the growth in the market during 2017-to 2026. Due to the increasing demand for new installations for water supply, and the increasing awareness about using smart water grid in order to conserve the limited fresh water are fueling the growth in APEJ. While, Europe is witnessing rise in the water infrastructure development and strong government support, thereby resulting in the increasing deployment of smart water grid.

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On the basis of technology, the market is segmented into design & engineering, ICT & analytical software, smart infrastructure, and control & automation. Among these, smart infrastructure is expected to witness the highest growth in the global market for smart water grid. By the end of 2026, smart infrastructure is projected to exceed US$ 2,200 million revenue.

Based on the application, the market segment consists of commercial, residential, and utility. Smart water grid is expected to find the largest application in the utility segment. By 2026 end, utility is estimated to bring in nearly US$ 24,900 million revenue. Meanwhile, commercial segment is also likely to witness robust growth in the global market for smart water grid.

Key Players Competing to Sustain in the Market

Siemens AG, Itron Inc., Sensus Worldwide Holdings Ltd., Badger Meter, Inc., Neptune Technology Group Inc., Schneider Electric, Toshiba Corporation, The Whitmore Group Arqiva, Wetsus, ABB Group, ICT, co., Ltd., Prezi Inc., and Xinapse Systems Ltd., are some of the key players operating in the global smart water grid market.

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Market Taxonomy

Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Technology:

  • Smart Infrastructure
  • Control & Automation
  • ICT & Analytical Software
  • Design & Engineering

Application:

  • Residential
  • Commercial
  • Utility

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.

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Food Cans Market to surpass US$ 33.86 Billion by , Says FMI

The global food can market is slated to register a value CAGR of 3.9% throughout the forecast period ranging from 2022 to 2032. As per Future Market Insights, a valuation of US$ 23.1 Billion is expected for the market in 2022. By 2032, demand for food cans is forecast to reach US$ 33.86 Billion.

Food cans market are leakage, tamper-proof and maintain the nutritional value of the product. Food cans are highly preferred by the consumers especially for dry and granular food products. Food cans are impeccable choice for the customers due to its high barrier properties. Food cans witness high demand every year, with millions of food cans manufactured worldwide. Food cans are available in variety of closure that provides consumer convenience for product handling. These property of food cans increase their preference among the consumers as well as manufacturers.

Food cans are the most effective packaging solutions that provide all the features needed during transportation and storage. Hot and cooked food is filled in the food cans, under the wide range of conditions. This ensures that food can be preserved for longer duration of time without the need of the preservatives. Food cans are best suited for preserving the food because it prevents the growth of microorganisms that cause food illnesses. Food cans manufacturers are focusing on the lightweight food cans due to inconvenience caused by consumers.

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Food Cans Market: Dynamics

The global food cans industry has witnessed significant growth over the last few decades with the products soaring to new heights each year. Preference of food cans is expected to grow over the forecast period, owing to recyclability.

Food cans serves the storage purposes for dry food products which include frozen food, beans, fruits and vegetables, pet food and others. Increase in the preference of canned food and increase in the disposable income is the primary factor driving the sales of the global food cans market. Being 100 % recyclable food cans are expected to be the ideal packaging choices for the manufacturers in the world which emphasizes sustainable packaging solutions. Increase in awareness among the consumers related to intake of healthy fruits and vegetables is contributing towards the growth of the global food cans market.

Despite the positive factors, there are certain factors which hinder the growth of the global food cans market. Pouches and plastic containers are the alternative solution which provides additional functionality, features and value which is expected to hinder the growth of the global food cans market. Fish & seafood segment is expected to be most attractive segment, during the forecast period. Overall, the global outlook of food cans is expected to remain positive, during the forecast period.

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Food Cans Market: Regional Overview

The North America food cans consumption is expected to remain on the top in terms of value and volume during the forecast period. The United States (U.S.A) will remain the largest market of food cans while Canada is expected to register notable growth of food cans market during the forecast period.  The Asia Pacific excluding Japan (APEJ) is expected to closely follow the North America food cans market during the forecast period. Western Europe is expected to closely follow the APEJ region in terms of food cans market size during the forecast period. The Middle East & Africa (MEA) food cans market is expected to register sluggish growth during the forecast period.

Food Cans Market: Key Players

Few of the leading players operating in the global food cans market are –

  • Ardagh Group
  • Wells Can Company
  • Kian Joo Group
  • CPMC Holdings
  • Kingcan Holdings Limited
  • CAN-PACK S.A
  • Tetra Laval International S.A.
  • Aaron Packaging, Inc.
  • Crown Holdings
  • Ball Corporation

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Regional analysis includes –

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle east & Africa
  • Asia Pacific excluding Japan
  • Japan

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Food Cans Market: Segmentation

The global food cans market has been segmented as follows –

On the basis of material, the global food cans market has been segmented as:

  • Aluminum
  • Steel
  • Plastic
  • Others

On the basis of application the global food cans market has been segmented as:

  • Pet food
  • Convenience Food
  • Fish & Seafood
  • Fruits & Vegetables
  • Others

Report Highlights:

  • A detailed overview of parent
  • Changing market dynamics in the food cans industry.
  • In-depth food cans market segmentation.
  • Historical, current, and projected size of the food cans market regarding volume and value.
  • Recent trends and developments in the food cans market.
  • Competition landscape in the food cans market.
  • Strategies for key players and products offered in the food cans market.
  • Potential and niche segments, geographical regions exhibiting promising growth in the food cans market.
  • A neutral perspective on performance of the global food cans market.
  • Must-have information for food cans market players to sustain and enhance their market footprint.

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.

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